Last edited: Jun 15, 2017 I attach an extract from the CPPC report into mortgage rates. It has studied the Finnish mortgage market Similarities to Ireland Members of the eurozone - same as Ireland Total size of mortgage market - €92 billion - a bit smaller than Ireland's €124 billion Source of funding: Primarily retail deposits - the same as Ireland Maximum LTV 90% for second time buyers, 95% for FTBs. - Looser than in Ireland Differences from Ireland Mortgages track the Euribor rate The Finnish banks seem to require additional collateral - Average loan to collateral is 68% Defaulted stock 1.2% in Finland- compared to 18% in Ireland (in 2015?) No Loan to Income caps in Finland, but they are planned. Finnish banks seem to compete by offering one year interest only deals.